SunSirs: Nonferrous Metal Lead Futures Declined Slightly

On December 2, the Lead Commodity Index was 94.41, 1.14 points lower than that of December 1, 29.55% lower than the peak of 134.01 in the cycle (Nov 29, 2016), and 26.50% higher than the lowest point of 74.63 (Mar 19, 2015). (Cycle: Sep 1, 2011 to date)

the US dollar fell sharply on the 2nd, and the index once fell more than 50 points from the daily high, reaching a new low of 97.80 since November 22. The United States announced that the ISM manufacturing PMI in November was 48.1, which was lower than expected and the previous value, and kept below the boom and bust line for the fourth consecutive month. In the United States, the three major stock indexes closed down on Monday, with the Dow index closing down 0.95% to 27,783.93; The standard index closed 0.86% lower at 3,113.92; the NASDAQ closed 1.12% lower at 8,567.99; oil prices rose Monday on news that OPEC + may discuss further production cuts. WTI crude oil futures for January rose 1.41% to $55.96 per barrel, while Brent crude oil futures for February rose 0.71% to $60.92 per barrel. Affected by this, the metal market was mixed. NID increased by 0.29%, CAD decreased by 0.37%, AHD increased by 1.79%, ZSD decreased by 2.13%, SND increased by 0.33%, PBD decreased by 2.11%. NI decreased by 0.21%, SS decreased by 0.54%, ZN decreased by 1.38%, CU remained the same, SN increased by 0.69%, AL increased by 0.47%, PB decreased by 0.88%, RB increased by 0.39%.

PBD trend: The opening price of PBD was $1,944 per ton. In Asian trading, PBD swung at high, in European trading, PBD went lower to $1,930 per ton, the closing price was $1,897 per ton, and finally $1,903.5 per ton.

PB trend: The opening price of PB2001 was 15,265RMB/ton. It went lower to 15,060RMB/ton at first. The closing price was 15,120RMB/ton, decreasing 215RMB/ton (1.4%).

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